Oriental Bank of Commerce sheds more than 2%

Oriental Bank of Commerce is quoting at Rs 97.05, down 2.27% on the day as on 13:24 IST on the NSE. The stock jumped 26.78% in last one year as compared to a 12.96% rally in NIFTY and a 11.32% spurt in the Nifty PSU Bank index.

Oriental Bank of Commerce fell for a fifth straight session today. The stock is quoting at Rs 97.05, down 2.27% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 12006.15. The Sensex is at 40018.83, up 0.77%.Oriental Bank of Commerce has gained around 1.89% in last one month.Meanwhile, Nifty PSU Bank index of which Oriental Bank of Commerce is a constituent, has increased around 5.6% in last one month and is currently quoting at 3247.6, down 0.88% on the day. The volume in the stock stood at 21.39 lakh shares today, compared to the daily average of 46.06 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 97.6, down 2.25% on the day. Oriental Bank of Commerce jumped 26.78% in last one year as compared to a 12.96% rally in NIFTY and a 11.32% spurt in the Nifty PSU Bank index.

The PE of the stock is 248.25 based on TTM earnings ending March 19.

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